BigBear.ai Holdings, Inc. (NYSE:BBAI) Chief Accounting Officer Sean Raymond Ricker has sold a total of 5,000 shares of the company's common stock, garnering a sum of $10,800 from the sale. The transactions, which took place on March 20, 2024, were executed at an average price of $2.16 per share.
Investors tracking insider activity may note that the shares were sold at prices ranging from $2.11 to $2.19, reflecting a weighted average that led to the final sale value. Following the sale, Ricker's direct ownership in BigBear.ai stands at 156,830 shares.
The sale was conducted in accordance with a Rule 10b5-1 trading plan, which Ricker had previously established on December 15, 2023. Such plans allow company insiders to sell shares over a predetermined period of time, providing a systematic approach to stock sales and potentially avoiding concerns about transactions based on non-public information.
BigBear.ai, with its focus on prepackaged software services, continues to be a subject of interest for those following the tech sector and insider trading patterns. The company's shares are publicly traded on the New York Stock Exchange under the ticker symbol BBAI.
InvestingPro Insights
As BigBear.ai Holdings, Inc. (NYSE:BBAI) makes headlines with insider trading activity, investors and market watchers are closely monitoring the company's financial health and stock performance. According to recent data from InvestingPro, BigBear.ai's market capitalization stands at a moderate $521.65 million, reflecting the size and scale of the company within the prepackaged software services sector.
Investors should note that BigBear.ai's stock has experienced significant volatility recently. The stock has seen a notable decline over the past week with a price total return of -10.57%. This aligns with the InvestingPro Tips that highlight the stock's high price volatility and the absence of profitability over the last twelve months. Specifically, the company's P/E Ratio (Adjusted) for the last twelve months as of Q4 2023 is reported at -9.1, further emphasizing the challenges faced in reaching profitability.
In terms of longer-term performance, BigBear.ai has had a strong return over the last three months, with a total return of 31.74%. This could be indicative of investor confidence in certain aspects of the company's strategy or market position. However, it's important for investors to consider that analysts do not anticipate the company will be profitable this year, which could impact future stock performance.
For those interested in a deeper analysis, InvestingPro offers additional insights on BigBear.ai, including more InvestingPro Tips that could help in making informed investment decisions. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking access to a wealth of financial data and expert analysis.
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